Home Values

Roanoke Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$135,000

  • -4.2% 1-year change
  • 1.7% 1-year forecast

The median home value in Roanoke is $135,000. Roanoke home values have declined -4.2% over the past year and Zillow predicts they will rise 1.7% within the next year. The median rent price in Roanoke is $798, which is the same as the Roanoke Metro median of $798.

Foreclosures will be a factor impacting home values in the next several years. In Roanoke 5.4 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Roanoke is 4.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Roanoke homeowners underwater on their mortgage is 15.5%.

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Relative ZHVI
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Roanoke Market Overview

Data through May 31, 2015
  • $135,000 ZHVI
  • 1.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $145,996 Median sale price
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Roanoke Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 15.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5 Roanoke
4 United States
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Nearby Cities

Name Median ZHVI
Wirtz $218,700
Hardy $200,100
Boones Mill $143,900
Name Median ZHVI
Callaway $138,300
Rocky Mount $124,100
 

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $109 Median sale price / sq ft
  • No data Listings with price cut
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Roanoke Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,037 Roanoke
    $1,121 Roanoke Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $798 Rent list price
  • $0.81 Rent list price / sq ft
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